Growth Stocks
Although growth stock picks can be highly volatile, they can make good long-term investments. They may be well-known stars or quiet gems, but they do share one common attribute—they are growing at a higher-than-average rate within their industry, or within the market as a whole, and could keep growing for years or decades.
And keep in mind that we focus on growth stocks, which have a good long-term history and favourable prospects. We downplay momentum stocks that tend to attract many investors simply because they are moving faster than the market averages, but are liable to fall sharply when their momentum fades.
There’s room for growth stock investing in your portfolio, but make sure you follow our TSI Network three-part Successful Investor strategy for your overall portfolio:
- Invest mainly in well-established companies;
- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
- Downplay or avoid stocks in the broker/media limelight.
Make better stock picks when you read this FREE Special Report, Canadian Growth Stocks: WestJet Stock, RioCan Stock and More.
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Growth Stocks Library Archives
Amazon continues to make moves to keep building its ad business and generate more revenue from entertainment. We think these will pay off for the company, and its shareholders.
AMAZON.COM INC., $126.42, is a buy. The company (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares outstanding: 10.3 billion; Market cap: $1.2 trillion; No dividends paid) is now reportedly planning to launch an ad-supported tier of its Prime Video streaming service.
Advertising has been an area of continued growth for Amazon despite worries about an economic slowdown....
WYNDHAM HOTELS & RESORTS, $70.14 (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 85.9 million; Market cap: $6.1 billion; Dividend yield: 2.0%) jumped recently on reports that Choice Hotels International (symbol CHH on New York) is seeking to buy the company. Both companies cater primarily to budget-conscious consumers on the road for leisure or extended work trips....
You should remain wary of stocks that attract broker/media praise for their high-profile products or services and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:
ASCENT SOLAR TECHNOLOGIES, $0.12, (Nasdaq symbol ASTI; TSINetwork Rating: Speculative) (www.ascentsolar.com; Shares outstanding: 49.9 million; Market cap: $6.4 million; No dividends paid) provides thin-film solar panels for installations that don’t allow for a rigid product....
ASCENT SOLAR TECHNOLOGIES, $0.12, (Nasdaq symbol ASTI; TSINetwork Rating: Speculative) (www.ascentsolar.com; Shares outstanding: 49.9 million; Market cap: $6.4 million; No dividends paid) provides thin-film solar panels for installations that don’t allow for a rigid product....
WELL HEALTH TECHNOLOGIES, $5.06, is a buy. The company (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares o/s: 229.1 million; Market cap: $1.2 billion; No dividends paid) is now buying five primary-care clinics in Calgary from MCI Onehealth Technologies for $2.0 million.
The acquisition will bring over 50 physicians into the WELL Health network, adding to the company’s over 3,000 providers across North America....
DraftKings soared during the pandemic, but has now given up most of those gains. We still like its competitive business model, which remains intact, and the affordable shares are especially attractive for new buying right now. The stock is a Power Buy.
DRAFTKINGS INC., $25.27, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares outstanding: 841.7 million; Market cap: $22.4 billion; No dividend) currently provides sports betting in several U.S....
DRAFTKINGS INC., $25.27, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares outstanding: 841.7 million; Market cap: $22.4 billion; No dividend) currently provides sports betting in several U.S....
ADOBE INC., $479.53, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 458.7 million; Market cap: $219.7 billion; No dividends paid) is adding artificial intelligence (AI) technology to Photoshop—its flagship software for editing images—to enhance its capabilities.
The company says the move is the start of a major push to add AI across its suite of programs for creative professionals like graphic designers.
One new Photoshop feature will be called “Generative Fill,” which will let users extend the boundaries of cropped images with additional, AI-generated images....
The company says the move is the start of a major push to add AI across its suite of programs for creative professionals like graphic designers.
One new Photoshop feature will be called “Generative Fill,” which will let users extend the boundaries of cropped images with additional, AI-generated images....
TOROMONT INDUSTRIES LTD. $108 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....
Despite the shift to eating at home during the pandemic, Maple Leaf Foods has stayed in a narrow range of $20 to $30 over the past five years. That’s largely due to the problems at its plant-based foods business. While a new plan should cut losses for this business, the stock will likely remain in its narrow range until profits significantly improve.
MAPLE LEAF FOODS INC....
We picked computer outsourcing specialist CGI as your #1 Aggressive Buy for 2023. This is the seventh year in a row that we’ve selected CGI as a top buy, and our readers have profited from the stock’s 119% rise over that time. Compare that to the 31% gain for the S&P/TSX Composite Index.
The company tends to fuel its growth with acquisitions....
The company tends to fuel its growth with acquisitions....
Shares of Genuine Parts have gained 20% in the past year. The rise is partly because higher interest rates on new loans have prompted consumers to hang on to their older cars; that in turn has lifted Genuine’s sales of replacement parts. What’s more, an acquisition is helping the company tap increasing automaker demand for robotic equipment.
GENUINE PARTS CO....
GENUINE PARTS CO....